Lyell Wealth Management LP Makes New $231,000 Investment in Weyerhaeuser (NYSE:WY)

Lyell Wealth Management LP acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,812 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other large investors have also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter worth about $25,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the second quarter worth $27,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth $36,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on WY shares. Royal Bank of Canada upped their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.33.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 1.0 %

Weyerhaeuser stock opened at $31.80 on Friday. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 28.91 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm has a fifty day moving average price of $32.05 and a two-hundred day moving average price of $30.84.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, analysts forecast that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 72.73%.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.